Frequently Asked Questions

Frequently Asked Questions

Capta Financial was founded to make a positive impact on people’s lives. We understand better than most how complex the property market can be, from tricky jargon to endless paperwork. Our mortgage brokerage uses our expertise to source the most competitive mortgage solutions from our wide pool of lenders, saving you time and money searching for the right mortgage.

Our Sydney mortgage brokers specialise in mortgage brokering for owner-occupied loans, investment property loans, refinancing and first-time buyers, allowing us to work with a wide clientele at various stages of their property journey.

Absolutely, our mortgage brokerage has spent years building their knowledge and connections within the industry to ensure we match every client with the best mortgage solution for their circumstances. Whether you’re a first home buyer or a seasoned investor, we’ll support you every step of the way.

Finding the perfect property is only half the battle. You’ll also need to find the ideal mortgage to accompany it — that’s where we come in. Our mortgage brokerage has years of valuable knowledge and expertise in the property market to provide the mortgage solutions you need. Whether you’re looking to refinance or need a competitive investor loan, Capta Financial is your trusted guide. We refuse to take shortcuts and take the time to properly get to know you and understand your financial needs and goals before sourcing the right solution.

For more information about our range of mortgage brokering services, please book an appointment with us today.

Capta Financial does not charge any fees to our clients at any point. We rely solely on the commission we receive from the bank.

A mortgage pre-approval can last about 60 to 90 days, depending on the lender’s policies and the specific terms of your pre-approval. Some lenders offer an extended period of up to six months. If your financial circumstances change or the pre-approval period expires, you may need to reapply with the same lender or provide updated documentation to extend the pre-approval. Maintaining the same financial stability and creditworthiness during this period is imperative to uphold the validity of your pre-approval.

Owner-occupied loans typically offer lower interest rates and more favourable terms than investment property loans, making homeownership more accessible for individuals. They often require lower down payments, making purchasing their home easier for individuals and families. Owner-occupied loans may also offer more preferable terms and flexibility in repayment for homeowners. 

Mortgage brokers have access to a vast network of lenders and can help you find competitive loan offers that suit your needs and financial situation. They save you time and effort by comparing rates and terms from multiple lenders on your behalf. A mortgage brokerage has the industry knowledge to help you navigate complex mortgage processes and potentially secure more favourable terms or rates. They will help simplify the application process and increase your chances of finding the right investment property loan for your home purchase.

No, you are not required to use a mortgage broker. You can work directly with a lender, such as banks or credit unions, to secure a mortgage loan. While this will enable you to avoid mortgage brokerage fees, you’ll need to do more research and negotiation yourself, which can be challenging if you lack professional experience.

Whether to use a mortgage broker depends on your personal preferences, knowledge of the mortgage industry and the time you’re willing to invest in the loan application process.

Owner-occupied loans are meant for properties where the borrower intends to live and provide lower interest rates, smaller down payment requirements and more favourable terms. 

Investment property loans are intended for properties you plan to rent out or use for investment purposes. These loans often come with higher interest rates, larger down payment requirements and stricter eligibility criteria because of the increased risk to lenders associated with investment properties.

Yes, you can use an investment property loan to purchase a vacation home if you do not intend to occupy it as your primary residence.

While an investment property loan is typically used for rental or income-producing properties, it can be used to purchase a vacation home if you plan to rent it out when you’re not using it to generate income. That said, the terms and interest rates for investment property loans may be less favourable than traditional owner-occupied loans. We recommend that you discuss your specific situation with our mortgage brokerage to determine the best financing option for your vacation home purchase.

You may consider refinancing your mortgage when interest rates are lower than your current rate or if your financial situation has improved to qualify for a better loan.

When your interest rates drop significantly, you can secure a lower rate, reducing monthly payments and long-term interest costs. Refinancing may also be beneficial if your credit score has improved, potentially qualifying you for better terms. 

Homeowners may also refinance to switch from an adjustable-rate mortgage to a fixed-rate one for stability, shorten the loan term to pay off the mortgage faster, or access home equity for other financial needs. We recommend you evaluate your circumstances and consult our mortgage brokerage to determine if refinancing is the right choice.

Yes, you can refinance an investment property loan, but the terms and requirements may differ from refinancing an owner-occupied loan. It’s best to consult with a mortgage brokerage.

When refinancing an investment property, lenders will consider factors like your credit score, rental income and the property’s value. Refinancing can still be beneficial to lower your interest rate, extend or shorten the loan term or access equity for other investments. However, it’s important to note that interest rates for investment property loans may be higher than those for owner-occupied properties and that the approval process can be more difficult. 

Consulting with our mortgage brokers at Capta Financial will help determine if refinancing your investment property loan is financially sound. Our team will take the time to understand your financial needs and get quotes from multiple lenders to compare interest rates, fees and other terms to secure you the best deal possible. You can count on us to provide the lender with all your relevant documentation and submit your loan application pending approval.

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